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Business Today

Business Today 16-Jun-19

A leading business magazine read by the business leaders for staying ahead and managing challenges that comes right away in the ever changing world of business.

Pays:
India
Langue:
English
Éditeur:
Living Media India Limited
Fréquence:
Biweekly
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2 min.
for your attention, mr pm

AS THE NEW GOVERNMENT takes charge, the economic issues it needs to tackle are pretty clear. In the past six months, a number of worrying signals have been apparent. First, agricultural and rural distress have been growing despite many steps the first Modi government took in order to fix the problems. The announcement of higher Minimum Support Price (MSP) and the focus on rural infrastructure does not seem to have helped increase real rural incomes by much. Given that this year, the monsoon predictions are not particularly heartening, the rural distress is expected to increase. The PM Kisan scheme announced in the Budget helps a bit, but to solve the problem of stagnating rural and agricultural incomes, the government needs to think of other solutions as well. Second, throughout the first…

1 min.
businesstoday.in>

STAY CONNECTED WITH US ON www.facebook.com/BusinessToday@BT_India BT Buzz: Data Localisation-Datacentre Service Providers See Gold The thrust to ensure that companies maintain data locally will increase the cost of doing business and compliance obligations for MNCs businesstoday.in/data-localisation BT Buzz: Consumer Companies Are Bracing Themselves for the Worst After witnessing a robust quarter-on-quarter growth post the rollout of goods and services tax (GST), the slowdown has come as a surprise to most consumer companies businesstoday.in/consumption-slowdown PERSPECTIVES How SBI Hopes to Topple Market Leader in Credit Card Business With Ola Tie-up Currently, with over 82 lakh credit cards, SBI is the second largest in the market and this tie-up is a move to augment its co-branded portfolios businesstoday.in/sbi-ola.tieup Financial Services Agenda for Next 5 Years: Consolidation, Recapitalisation and More The banking industry is cleaning up the balance sheets. But the NBFC sector, which had supported…

1 min.
weak sentiment

THE DUST ON political uncertainty has settled as Prime Minister Narendra Modi is set for a second term. However, the elections, coupled with slowing consumption trends in rural markets, are bothering consumption-oriented sectors, weighing heavily on fourth quarter results. The last quarter of financial year 2018/19 is turning out to be a damp squib with close to 500 BSE comapnies registering a three-quarter low top-line growth amid poor demand, tough global macro environment and liquidity crunch. In the fourth quarter of FY19, the year-on-year (y-o-y) net sales growth for the sample of 488 BSE-listed companies was 10 per cent, the slowest in the last three quarters. Excluding BFSI firms, the volume growth comes to just 7.6 per cent. Marred with slow revenue growth, bottom-line numbers were a disappointment, too. Operating profits of…

1 min.
price hike likely

IN AN ELECTION bounty, Indian consumers have had an easy time during 2019 as far as petrol and diesel prices are concerned. Now that the election party is over, brace yourself for a hike in prices. The reasons are clear. At the end of December 2018, the India crude basket was at its lowest – $57.77 per barrel – during the last fiscal. By April, it had risen 23 per cent to $71 a barrel. Starting January 1 till May 24, petrol prices in Mumbai rose a mere 3.63 per cent from ₹74.30 to ₹77 a litre. Diesel prices, on the other hand, rose 6.20 per cent during the period. Things could get worse as far as crude prices are concerned since the supply of cheaper Iranian crude has stopped after…

1 min.
l&t within striking distance

THE SECURITIES & Exchange Board of India threw a spanner in the works of an imminent takeover of Mindtree by Larsen & Toubro by raising queries on the intended deal which led to L&T not carrying out an open offer on the original date – May 14. Meanwhile, L&T has been able to mop up shares from the market, becoming the single largest shareholder in the company with over 26.5 per cent stake in Mindtree. This move gains significance as it provides L&T enough ammunition to seek a board seat and block any resolution that Mindtree could move to change the capital structure or allocation of funds. While the fresh date for the open offer is yet to be announced, the earlier announcement of a 200 per cent dividend by…

1 min.
rbi stress on safety

THE HIGH-LEVEL committee set up by the Reserve Bank of India on Deepening of Digital Payments has submitted its recommendations to the governor. The five-member team, under the chairmanship of former UIDAI chairman Nandan Nilekani, worked for three months holding deliberations and consultations with various stakeholders to review the status of digitisation of payments and identify gaps in the ecosystem. While the RBI is yet to make the report public, according to sources, the committee is believed to have made several suggestions to strengthen safety and security of digital payments that could increase customer confidence, and follow best practices to increase faster adoption of digital payments. However, the RBI has said that it will study the recommendations and make an action plan that aligns with the five-year vision document on…